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Industry
June 13, 2024
South Africa’s Elections Could Impact Gambling Reforms
The conclusion of South Africa’s most recent parliamentary elections could mark a turning point for the country’s gambling sector. A complicated political situation creates significant uncertainty in the gambling sector as the makeup of South Africa’s new parliament will likely determine whether the iGaming regulation bill, proposed by the then-opposition Democratic Alliance (DA) party, will […]
Industry
June 11, 2024
UK: Conservative Election Manifesto Lacks Gambling References
Five years ago, in 2019, the UK’s Conservative Party released a manifesto, outlining a number of proposed changes. Those efforts played a key role in the launch of the gambling reform in the country which involved a review of the Gambling Act. Several years after the launch of the review, the Gambling Act White Paper […]
Casino
June 5, 2024
Ukraine Dismisses Claims of Zelensky Casino Purchase as Russian Propaganda
The Embassy of Ukraine in the Republic of Cyprus has strongly refuted allegations that Ukrainian President Volodymyr Zelensky had acquired a casino in Kyrenia. In an official statement, the embassy characterized these reports as “another lie” intended to discredit Ukraine and its leadership and to create diplomatic friction between Kyiv and Nicosia. Ukraine Blamed Russian […]
Industry
June 3, 2024
Trump Tops PredictIt Markets Despite the Guilty Verdict
Former US President Donald Trump, was just found guilty on 34 charges of first-degree falsification of business records, related to an affair with adult film star Stormy Daniels. Yet, political bettors’ backing for him has barely shifted. The guilty verdict had the notable effect of immediately causing a spike in political betting activity. PredictIt, a […]
Industry
May 31, 2024
Las Vegas Sands’ Adelson to Back Trump’s Campaign
Dr. Miriam Adelson, the widow of the late Sheldon Adelson and the largest Las Vegas Sands stakeholder, will back Trump’s bid for the presidency, reports say. According to people familiar with the matter, Adelson will support the ex-president’s re-election effort via Preserve America, a super political action committee (PAC). Preserve America, which is dedicated […]
Industry
May 30, 2024
UK Gambling Reforms Face Uncertainty as Stuart Andrew Resigns
Rishi Sunak recently unveiled a snap election, much to the UK political sector’s surprise. As a possible leadership change looms, the gambling industry remains wary of the effect this change would have on the ongoing reforms. As if to add to the uncertainty, the UK gambling minister Stuart Andrew just announced his resignation. As of […]
Industry
May 28, 2024
Blackstone CEO Steve Schwarzman Confirms Support for Trump
Ahead of the US presidential election, Donald Trump, the famous billionaire and former President, received support from a fellow billionaire and chief executive of Blackstone Group, Stephen Schwarzman. The CEO, chairman and co-founder of Blackstone, the world’s largest alternative asset investment management company based in New York City, reaffirmed its support for Trump in an […]
Industry
May 24, 2024
UK Bettors Believe Labour Party Will Oust the Conservatives
In a development that took many aback, British PM Rishi Sunak called a snap election on May 22. While Sunak’s decision demonstrates clear confidence in the current government, political bettors aren’t so convinced that the Conservatives will be able to remain in power. Sunak’s gambit comes amid declining support for the Conservative Party. The Conservatives’ […]
Industry
May 24, 2024
Bettors Engage with UK General Election, Wager £1.35M on Betfair Exchange
As the UK General Election campaign kicks off, betting markets have seen an unprecedented surge in activity. In just 24 hours, Bettors have wagered a staggering £1.35 million ($1.71 million) on the Betfair Exchange regarding the outcome of the 4 July vote, which may be instrumental in resolving the island nation’s ongoing political crisis. Conservatives […]
Industry
May 23, 2024
LVS Head Supports Dade Phelan Ahead of May Runoffs
Texas House Speaker Dade Phelan has secured financial backing from a variety of businesses, including the head of the casino juggernaut Las Vegas Sands. This money comes at just the right time as far-right competitors seek to remove moderates from the party. As the runoffs draw near, Phelan’s campaign secured significant backing from Miriam Adelson, […]
